Commercial office buildings become less efficient over time. Investment is needed on an ongoing basis to find new and effective ways to lower overall costs and ensure money is not left on the table. Reducing operating costs also makes commercial buildings more appealing to tenants and improves building yields, leading to increased asset value.
The traditional commercial office is changing. Workspaces are becoming more connected, open plans are common and technology is being used to create a seamless occupancy. As vacancy pressure increase in a post COVID environment there is an extra push to identify and reduce operating costs and find smarter and better ways to run a highly efficient building.
New technologies such as IOT, analytics data and AI solutions are paving the way and driving building optimisation. A low-cost per capita environment is ultimately what all building owners are seeking.